Question 1

What is Cooperativa San Ignacio (COOPASI)?

Accepted Answer

Cooperativa San Ignacio (COOPASI) is a multiactive savings and credit cooperative located in San Ignacio, Misiones Department, Paraguay. Originally founded as a savings and credit cooperative, COOPASI has evolved into a comprehensive financial services institution serving families and businesses in the Misiones region. The cooperative offers a full range of financial products including savings accounts, credit services, consumer services, and insurance products.

COOPASI is a member of the Federation of Production Cooperatives (FECOPROD) and the Confederation of Rural Cooperatives of Paraguay (CONCOPAR).

Question 2

When was Cooperativa San Ignacio (COOPASI) founded?

Accepted Answer

The organizational committee for COOPASI was established on November 6, 1971, at the San José Cinema in San Ignacio, Misiones. The founding assembly took place on May 20, 1972, at the Tte. Pedro N. Brusquetti Commercial School.

The cooperative received its legal recognition through Executive Decree No. 4056 on February 25, 1974. Initially named "Cooperativa de Ahorro y Crédito San Ignacio Ltda." (San Ignacio Savings and Credit Cooperative), the institution was founded by community leaders including distinguished members such as Graciela Bobadilla de Téllez, Myriam Ocampos, Antonio Gaete, and advisors Dr. Porfirio Báez and Agr. Eng. Arsenio Espínola from the CUNA/AID Program.

In 1993, the cooperative modified its statutes and changed its name to "Cooperativa de Producción Agroindustrial y de Servicios San Ignacio Limitada." Most recently, it adopted its current name: "Cooperativa Multiactiva de Ahorro y Crédito, Consumo y Servicios San Ignacio (COOPASI) Ltda."

Question 3

Where is Cooperativa San Ignacio (COOPASI) headquartered?

Accepted Answer

COOPASI is headquartered in the city of San Ignacio, Department of Misiones, Republic of Paraguay. The cooperative's main office is located on Route IV in San Ignacio.

The cooperative acquired its first owned premises on July 14, 1974, establishing a permanent physical presence in the community.

Question 4

Where does Cooperativa San Ignacio (COOPASI) operate?

Accepted Answer

COOPASI operates in the Misiones Department of Paraguay, with its primary service area centered around San Ignacio. The cooperative has expanded its geographic reach through branch offices in Ayolas and Santa Rosa, both also located in the Misiones Department.

These agencies allow COOPASI to serve a broader population within the region while maintaining its community-focused approach.

Question 5

What services does Cooperativa San Ignacio (COOPASI) offer?

Accepted Answer

COOPASI provides comprehensive multiactive cooperative services including:

Savings Products: Sight savings accounts, time deposit accounts, and programmed savings options for members and authorized third parties.

Credit Services: Various credit modalities including ordinary loans, agricultural loans, emergency loans, microenterprise financing, small and medium enterprise financing, housing loans, and financial factoring operations.

Payment and Transfer Services: Fund transfers, payment collections, document collection services, bill payments (including utilities like ANDE and ESSAP), loan payments, and member contribution payments.

Card Services: Issuance and administration of debit cards and credit cards for members.

Consumer Services: Provision of consumer goods and services to members.

Digital Banking: COOPASI offers a mobile application that enables members to check balances and transactions, make transfers between accounts within the cooperative, transfer funds via SIPAP to banks and other cooperatives, and pay for services and loans. The app provides a secure and user-friendly digital banking experience available 24/7.

Social Projects: The cooperative has developed social housing projects, including 40 social housing units completed in partnership with CONAVI in 2009-2010.

Question 6

What makes Cooperativa San Ignacio (COOPASI) unique?

Accepted Answer

COOPASI stands out for its remarkable resilience and community commitment. After experiencing accumulated losses over a 10-year period ending in 2003, the cooperative achieved complete financial recovery by 2010 and resumed distributing surplus returns to members.

The cooperative has demonstrated strong growth through strategic infrastructure investments, including acquiring owned properties in multiple locations, establishing the COOPASI subdivision (Loteamiento COOPASI) in 2005, constructing an events hall in 2012, and developing a dairy farm project (Proyecto Tambo).

In 2024, COOPASI became one of the first cooperatives to join the Cooperative Deposit Guarantee Fund of Paraguay (FGDCP), a voluntary private initiative promoted by CONCOPAR to protect member deposits and strengthen confidence in the cooperative system. This membership demonstrates COOPASI's commitment to financial stability and depositor protection.

The cooperative has also maintained a strong educational focus, founding the Arcoíris Kindergarten and publishing a monthly informational bulletin called "Solidaridad" to promote cooperative values.

Question 7

What type of financial institution is Cooperativa San Ignacio (COOPASI)?

Accepted Answer

COOPASI is classified as a Cooperativa Multiactiva de Ahorro y Crédito (Multiactive Savings and Credit Cooperative) under Paraguayan cooperative law. This designation reflects its broad range of activities beyond basic savings and credit services.

As a multiactive cooperative, COOPASI is authorized to conduct savings and credit operations, provide consumer services, offer insurance products, and engage in agroindustrial production activities. The cooperative operates under Law 438/94 and its regulatory framework, as modified by subsequent legislation, and is supervised by the National Institute of Cooperativism (INCOOP).

COOPASI is a member-owned cooperative financial institution where members are both owners and users of the services, adhering to the seven universal cooperative principles including voluntary membership, democratic control, economic participation, autonomy, education, cooperation among cooperatives, and commitment to community sustainability.

Cooperativa San Ignacio (COOPASI)

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About Cooperativa San Ignacio (COOPASI) in Paraguay